International assets, excluding assets of the State Oil Fund of Azerbaijan fell in May this year by $ 8.54 million or 0.1%, to $ 11,492.29 million. In relation to the beginning of the year this figure rose by $ 328 57 million or 2.9%.
According to the Central Bank of Azerbaijan, in the structure of international assets in the reported month funds in various currencies (principally U.S. dollars and euros) increased to $ 11,260.06 million. The cost of basket of special drawing rights (SDR), which pays Azerbaijan's share in the authorized fund of the International Monetary Fund, decreased by 12% to $ 232.33 million.
For the annual period the country's international assets increased by $ 3312.45 million or 40.5%.
Economics
-
An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
-
On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
-
Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
-
Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
Leave a review